What Do EigenLayer's Outflows of $2.3B Signal?

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let's take a look at the chart of the day. Billions of dollars worth of Ether have been withdrawn from retaking protocols over the past month. What does this mean total value locked on Eigen layer has dropped by 13% to $15.1 billion in the last 30 days. Even though Ether is trading at a similar level to June, a portion of the outflows can be attributed to depositors looking to harvest points that will eventually be converted to airdrops subsequently moving on to another project to maximize returns. Deai Lama. Data shows that Restak protocols like Renzo and Kelp have respectively lost 42% and 20% of the total value locked one resting project that has managed to buck the trend is either five which has seen $100 million increase in TV L. That's it for today's start of the day. I'm Jen Sanas. We'll see you next time to unpack more of the data behind top news stories.